Spare Logic LLP

Spare Logic LLP - agriculture in Bangalore, Karnataka, India. FY 2026 financials & compliance.
LLPIN AAH-4612 Incorporated 22 September 2016 ROC Bangalore HQ Bangalore, Karnataka, India
Active Limited Liability Partnership agriculture MSME · Small
Revenue · FY 2023
₹13.98 Cr
▲ 13% YoY
Net profit · FY 2023
₹3.88 Lakh
Net margin 0.3%
EBITDA · FY 2023
₹1.04 Cr
EBITDA margin 7.5%
Contribution obligation
₹10.5 Lakh
As per LLP agreement
Open charges
₹6.06 Cr
Secured borrowings
LLP age
10 yrs
Est. 2016
Employees · EPFO
10
Provident fund records
Designated partners
2
As per MCA filings

About Spare Logic LLP

Data last updated:

Spare Logic LLP is a limited liability partnership (LLP) based in Bangalore, Karnataka, India. It operates in the agri machinery and equipment segment of the agriculture sector. It was incorporated on 22 September 2016 and has been in existence for over 10 years.

The LLP is registered with the Registrar of Companies (ROC), Bangalore, under LLPIN AAH-4612. Its GSTIN is 29ADEFS7950G1ZN (Karnataka). The LLP holds 2 GST registrations, of which 1 is active.

The LLP has a total obligation of contribution of ₹10.5 Lakh. It is led by designated partners Srinivas Prabhakaran Kamisetty and Geetha Hanumanthaiah.

Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at E – 109 Townsend Avalahalli Yelahanka, Bangalore, Karnataka, India – 560064.

As per the financials filed for FY 2023, the LLP reported a revenue of ₹13.98 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹3.88 Lakh (net margin 0.3%) and EBITDA of ₹1.04 Cr (EBITDA margin 7.5%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 35% over five years.

The LLP has about 10 employees on its provident fund (EPFO) records.

As per MCA filings, the LLP has open charges of ₹6.06 Cr on record. Court records list 10 cases involving the LLP, including 5 filed by the LLP and 5 filed against it; 3 cases are pending.

Spare Logic LLP is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-02-0001753).

Company details

LLPIN AAH-4612
Incorporation Date 22 September 2016
Total Obligation of Contribution ₹10.5 Lakh
ROC Bangalore
Company Status Active
MSME Classification Small
Udyam Registration UDYAM-KR-02-0001753
Key People
Srinivas Prabhakaran Kamisetty Designated Partner Geetha Hanumanthaiah Designated Partner

Recognitions & Rankings of Spare Logic

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-KR-02-0001753

Contact details

Spare Logic LLP's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.

  • Email
  • Registered Address
    E – 109 Townsend Avalahalli Yelahanka, Bangalore, Karnataka, India – 560064
  • Industry
    Agriculture, Agri Machinery & Equipment

To see the full contact details of Spare Logic LLP, buy the company report.

Comprehensive company report
Spare Logic LLP - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Financials of Spare Logic LLP

FY 2025 filings available

Spare Logic LLP reported revenue of ₹13.98 Cr (up 13% YoY) for FY 2023.

Revenue · FY 2023
₹13.98 Cr ▲ 13%
Net profit · FY 2023
₹3.88 Lakh margin 0.3%
EBITDA · FY 2023
₹1.04 Cr margin 7.5%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 25%
5 years · compounded
▲ 35%
EBITDA CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 45%
5 years · compounded
▲ 111%

Revenue has grown at a compounded annual rate (CAGR) of 35% over five years, including 13% growth in the latest year. EBITDA rose 28% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.

Financial Statement Summary

Statement of Account and SolvencyFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Income and Expenditure
Turnover
Other Income
Total Income
Purchases and Direct Costs
Personnel Expenses
Administrative Expenses
Interest
Depreciation
Total Expenses
Profit Before Tax
Tax
Profit After Tax₹3.88 Lakh
Profit Transferred to Partners
Assets and Liabilities
Partners' Contribution
Reserves and Surplus
Secured Loans
Unsecured Loans
Trade Payables
Other Liabilities and Provisions
Total Liabilities
Fixed Assets
Investments
Loans and Advances
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

Statement of Account and SolvencyFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
Net Profit Margin0.3%
Return on Partners' Funds
Return on Assets
Liquidity and Debt
Current Ratio
Debt to Partners' Funds
Interest Coverage
Efficiency and Growth
Asset Turnover
Receivable Days
Turnover Growth
Profit Growth

To see the full financial statements and ratios of Spare Logic LLP, buy the company report.

Designated partners of Spare Logic LLP

Spare Logic has 2 current designated partners and 4 former designated partners. Current designated partners are listed first, with their designation and appointment date.

Current Designated Partners
NameDesignationAppointment DateTenureStatus
Srinivas Prabhakaran Kamisetty
Also directs: Kabelschlepp India Private Limited, Tsubaki India Power Transmission Private Limited
Designated Partner09 Oct 20224 Years 1 MonthsCurrent
Geetha HanumanthaiahDesignated Partner09 Oct 20224 Years 1 MonthsCurrent
View all designated partners

Peer comparison

Spare Logic LLP is compared with the 10 companies closest to it by revenue in the Agriculture industry (Farm Equipment), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Balaji Agro Systems Private Limited₹14.28 Cr (FY 2025)-7.0%New Delhi, Delhi, India
Polysil Irrigation Systems Limited₹14.13 Cr (FY 2025)-68.0%Savli, Gujarat, India
Kapil Enterprises Private Limited₹14.1 Cr (FY 2024)-45.0%New Delhi, Delhi, India
Yashovruksha Agro & Allied Products Private Limited₹14.1 Cr (FY 2025)41.0%Sangli, Maharashtra, India
Rajasthan Mechanical Works Limited₹14.07 Cr (FY 2024)5.0%Jaipur, Rajasthan, India
Spare Logic LLPthis company₹13.98 Cr (FY 2023)₹3.88 Lakh0.3%13.0%10Bangalore, Karnataka, India
Drip World Agro Industries Private Limited₹13.93 Cr (FY 2025)2.0%Belgaum, Karnataka, India
Punjab Farm Equipments Private Limited₹13.78 Cr (FY 2025)42.0%Karnal, Haryana, India
Ram Kishan Shankar Dass Agro Pvt Ltd₹13.56 Cr (FY 2025)-9.0%Jalandhar, Punjab, India
Bhogals Private Limited₹13.51 Cr (FY 2024)-18.0%Punjab, India
Blue Stallion Equipments Private Limited₹13.51 Cr (FY 2025)13.0%Ludhiana, Punjab, India

To see the full peer comparison of Spare Logic LLP, buy the company report.

Charges & borrowings

Open charges
₹6.06 Cr
Satisfied charges
None
Breakdown by lending institutions
Union Bank of India₹3.83 Cr
Tata Capital Financial Services Limited₹2.00 Cr
Protium Finance Limited₹0.23 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
14 Feb 2023100686819Protium Finance Limited₹22.95 LakhOpen
22 Dec 2022100798935Tata Capital Financial Services Limited₹2 CrOpen
30 Jul 2020100362742Union Bank of India₹2 CrOpen
16 Jul 2019100296721Union Bank of India₹1.83 CrOpen

To see the full charge records of Spare Logic LLP, buy the company report.

Total charge records: 4 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Spare Logic LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Spare Logic LLP has a workforce of 10 employees on its EPFO records as of Apr 2026, across 1 active EPFO establishment.

Employee count
10
Active EPFO establishments
1
Employee growth
-9.1%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-2710
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Spare Logic LLP, buy the company report.

GST

Spare Logic has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
29ADEFS7950G1ZNKarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Spare Logic LLP, buy the company report.

Recent activity

Spare Logic LLP has 6 designated partner changes on record since 2019: 2 appointments and 4 cessations. The latest: Geetha Hanumanthaiah ceased to be Designated Partner on 08 Feb 2023.

AGM
Spare Logic Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Filing
Spare Logic Llp has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Protium Finance Limited amounted to Rs. 22.95 Lakh with Charge ID 100686819 was registered on 14 Feb 2023.
Ceased
Geetha Hanumanthaiah ceased to be Designated Partner.
Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 200.00 Lakh with Charge ID 100798935 was registered on 22 Dec 2022.
Ceased
Paavana Srinivas Kamisetty ceased to be Designated Partner.
Appointed
Geetha Hanumanthaiah was appointed as Designated Partner.
Appointed
Srinivas Prabhakaran Kamisetty was appointed as Designated Partner.
Charges
A charge with Union Bank Of India of Rs. 200.00 Lakh registered on 30 Jul 2020 with Charge ID 100362742 was modified on 11 Nov 2020.
Charges
A charge with Union Bank Of India of Rs. 183.00 Lakh registered on 16 Jul 2019 with Charge ID 100296721 was modified on 11 Nov 2020.
Charges
A charge with Union Bank Of India amounted to Rs. 200.00 Lakh with Charge ID 100362742 was registered on 30 Jul 2020.
Charges
A charge with Union Bank Of India amounted to Rs. 183.00 Lakh with Charge ID 100296721 was registered on 16 Jul 2019.

3 earlier events are in the company report.

Frequently asked questions

Spare Logic is an active limited liability partnership based in Bangalore, Karnataka, India. The LLP works in agri machinery and equipment, within the agriculture industry. It was incorporated on 22 September 2016 (10+ years old) and is registered under LLPIN AAH-4612.

Spare Logic has 2 current designated partners:

The latest financial statements of Spare Logic on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from FY 2017 are in the company report.

The GSTIN of Spare Logic is 29ADEFS7950G1ZN, registered in Karnataka. The LLP has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The LLPIN (Limited Liability Partnership Identification Number) of Spare Logic is AAH-4612. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.

Spare Logic has 10 court cases on record: 5 filed by the LLP and 5 filed against it. 3 are pending.

Spare Logic was incorporated on 22 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.

The peers of Spare Logic by revenue are Balaji Agro Systems Private Limited, Polysil Irrigation Systems Limited, Kapil Enterprises Private Limited, Yashovruksha Agro & Allied Products Private Limited, Rajasthan Mechanical Works Limited and 5 more, all in the Agriculture industry (Farm Equipment).

Geetha Hanumanthaiah ceased to be Designated Partner on 08 Feb 2023. Paavana Srinivas Kamisetty ceased to be Designated Partner on 10 Oct 2022. Geetha Hanumanthaiah was appointed as Designated Partner on 09 Oct 2022. Spare Logic has 6 designated partner changes on record in total.

Yes, Spare Logic is registered as a small enterprise under Udyam registration (number: UDYAM-KR-02-0001753).

The registered office of Spare Logic is at E – 109 Townsend Avalahalli Yelahanka, Bangalore, Karnataka, India – 560064.